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167
Oct 7, 2013
10/13
by
WBAL
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negotiateobama could on different concessions to raise the debt ceiling. democrats do not think it would happen. you could see both sides give a little or a lot on taxes and spending cuts. ande hit the debt ceiling watch to see what happens with the markets. >> that would be the worst-case scenario affecting everyone. hallie jackson, thank you. >> the shutdown is bring some business to baltimore attractions. people want to read book school trips because of closures in washington, d.c. same story at the national aquarium. fins. to see some new 1700 animals will be moved because the d.c. acquire him closed due to construction. was seriously injured this weekend. kim dacey has the details. how is she doing? istrooper jacqueline kline listed in critical condition. her family and fellow troopers are with her as she recovers from multiple injuries. debris litters route 100 in anne arundel county. investigators say that is where trooper jacqueline kline was early sunday morning. she was helping a fellow trooper when a car drove by and hit her. she landed in a nea
negotiateobama could on different concessions to raise the debt ceiling. democrats do not think it would happen. you could see both sides give a little or a lot on taxes and spending cuts. ande hit the debt ceiling watch to see what happens with the markets. >> that would be the worst-case scenario affecting everyone. hallie jackson, thank you. >> the shutdown is bring some business to baltimore attractions. people want to read book school trips because of closures in washington,...
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Oct 16, 2013
10/13
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ALJAZAM
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eye 137
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in january and the debt ceiling raised in february. but the deal in the senate is not the end of the political story. the deal must pass both chambers of the congress and there is still a lot of opposition in the house of representatives. the politicians on capitol hill have 11 hours before risking u.s. debt. thithis is called www.u.s. www.u.s.debtclock.org , and it's a page of numbers. to show you the national housekeeping, you can see the federal debt and the federal spending in red at $3.5 trillion. we're live over in washington so we're talking about a plan that has been put forward. it has to win approval, so what is the likelihood of that? >> reporter: well, the likelihood that it will pass in the senate very, very high. that's a chamber that is dominated by democrats, and this is where this deal was reached between the top republican and the top democrats. there is no question about this deal passing in the senate. the question has always been whether or not it will pass in the house. now, real indicator is the outcome of this m
in january and the debt ceiling raised in february. but the deal in the senate is not the end of the political story. the deal must pass both chambers of the congress and there is still a lot of opposition in the house of representatives. the politicians on capitol hill have 11 hours before risking u.s. debt. thithis is called www.u.s. www.u.s.debtclock.org , and it's a page of numbers. to show you the national housekeeping, you can see the federal debt and the federal spending in red at $3.5...
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77
Oct 10, 2013
10/13
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CSPAN
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eye 77
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ok, we will vote to raise the debt ceiling. our people did not like any raising of the debt ceiling. we promised we would not spend so much. we promised we would reduce spending $2.1 trillion and a lot of cynics said congress would not adhere to that. that is exactly what the president did in january of 2012. he proposed to spend another trillion dollars above the amount of money we agreed to spend six months before. i did not really want to sign that agreement. i have taxes i want to increase. this is what is occurring. we have got to stand firm. adhere, at least, to the containment of the growth of spending that was in the budget control act. failure to do that is a capitulation in our promises to the american people, a total abandonment of any contention that we would be fiscally responsible. it is unthinkable that we would abandon the limits. the truth is, the sad truth is the budget control act reductions in the growth of spending do not come close to putting us on a firm financial footing. we are on an unsustainable debt
ok, we will vote to raise the debt ceiling. our people did not like any raising of the debt ceiling. we promised we would not spend so much. we promised we would reduce spending $2.1 trillion and a lot of cynics said congress would not adhere to that. that is exactly what the president did in january of 2012. he proposed to spend another trillion dollars above the amount of money we agreed to spend six months before. i did not really want to sign that agreement. i have taxes i want to increase....
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119
Apr 27, 2013
04/13
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FOXNEWSW
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eye 119
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>> no, but what i would advocate is not raising the debt ceiling. if you don't raise the debt ceiling, you can still make payments. we bring in $200 billion a month. our debt payment is $30 billion. you could pay our soldiers, social, medicare but not enough for research like roll up beef jerky or research on goldfish or $500,000 for a menu to mars. you would have to cut government but not raising the debt ceiling is going to a balanced budget. >> eric: have the house republicans let you down in this? they seem to be caving in on a lot of areas. how does it sit with you? >> i am not sure what they are going to do on the debt ceiling. i am for making a stand on the debt ceiling and always have. i think we could have the country come behind us. look at the sequester, increase in spending and the sky was falling they said. he shut down the tours at the white house same week he agreed to send $250 million more to egypt. so there is money but a matter of prioritizing. i think it's irresponsible to lay off air traffic controllers that we need while sendin
>> no, but what i would advocate is not raising the debt ceiling. if you don't raise the debt ceiling, you can still make payments. we bring in $200 billion a month. our debt payment is $30 billion. you could pay our soldiers, social, medicare but not enough for research like roll up beef jerky or research on goldfish or $500,000 for a menu to mars. you would have to cut government but not raising the debt ceiling is going to a balanced budget. >> eric: have the house republicans...
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Jan 9, 2013
01/13
by
CNBC
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eye 149
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this president has made clear he not only wants the debt ceiling raised. let's not forget, he wanted the debt ceiling eliminated. that is the kind of negotiating that he is putting forward even though he said he is going to have to negotiate. that is what he said for a long time. if the gop plays his cards right and sticks to the spending see kwaester, i think that will put obama back think the defense. stick around. we have much more cooking for you. but look, i shothought obamacar was supposed to keep costs down. we are going to tell you why. later on, team obama going all out an gun control. i'm glad they are meeting with the nra. but now senator feinstein wants to ban gun control. we'll be right back. with the spark cash card from capital one, olaf gets great rewards for his small business! pizza! [ garth ] olaf's small business earns 2% cash back on every purchase, every day! helium delivery. put it on my spark card! [ pop! ] [ garth ] why settle for less? great businesses deserve great rewards! awesome!!! [ male announcer ] the spark business card fr
this president has made clear he not only wants the debt ceiling raised. let's not forget, he wanted the debt ceiling eliminated. that is the kind of negotiating that he is putting forward even though he said he is going to have to negotiate. that is what he said for a long time. if the gop plays his cards right and sticks to the spending see kwaester, i think that will put obama back think the defense. stick around. we have much more cooking for you. but look, i shothought obamacar was...
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Oct 8, 2013
10/13
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FOXNEWSW
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you were a senator did you think it was okay not to raise the debt ceiling but suddenly now you think it is. >> not only did he being it was okay not to, he voted against doing so. and in the past the white house when asked about this has said, well, you know, it really wasn't that up against it, it wasn't that close. the vote was 52-48 which meant two senators going the other way, the debt ceiling wouldn't have been raised and we would be in the pickle that the president is warning us about now. so his vote could very well have counted. but that could have been used as the preparemise of a request. >> speaker boehner, does he get tough questions? >> yes. not very many. he doesn't appear that often. but my experience is that he does. >> it's interesting to watch the -- he love watching the press conferences because the alonger y er longer you talk, the less questions you get. >> president obama is good at that. >> always nice to see you. thank you. >>> ever heard of circumstance link the mack trucks? lawmakers in washington better watch out because truckers are headed this way and the
you were a senator did you think it was okay not to raise the debt ceiling but suddenly now you think it is. >> not only did he being it was okay not to, he voted against doing so. and in the past the white house when asked about this has said, well, you know, it really wasn't that up against it, it wasn't that close. the vote was 52-48 which meant two senators going the other way, the debt ceiling wouldn't have been raised and we would be in the pickle that the president is warning us...
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Sep 27, 2013
09/13
by
FBC
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eye 132
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other issue is whether we going to raise the debt ceiling, those two issues, the one that the american public seems firmly on the side of republicans is whether or not to tie the debt ceiling issue into direct decrease spending on the federal government. that is something that american people are in favore or of, other in terms of obamacare holding up whole budget on issue of obamacare, that one american public do not agree with the republicans on. liz: peter barnes you heard whether president say the, and headline that president obama spoke with rouhani from iran, markets holding steady, improving just a bit, when we spoke the dow was down 72, to your perspective. >> president going toe-to-toe with house republicans, ball is back on their court now on whether or not they will approve a continuing resolution to keep the government operating to pass a budget cr, that now does not include a provision to defund obamacare. that is what the house sent to senate last week. then which senate today on a party line vote, stripped out of that cr, stripped out language from the house that would d
other issue is whether we going to raise the debt ceiling, those two issues, the one that the american public seems firmly on the side of republicans is whether or not to tie the debt ceiling issue into direct decrease spending on the federal government. that is something that american people are in favore or of, other in terms of obamacare holding up whole budget on issue of obamacare, that one american public do not agree with the republicans on. liz: peter barnes you heard whether president...
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May 21, 2013
05/13
by
CSPAN2
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eye 70
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now, this body may well vote to raise the debt ceiling, but if this body votes to raise the debt ceiling, we should do so after fair and open debate where the issue is considered and where the threshold is the traditional 60-vote threshold where we can address what i think is imperative that we fix the problem. when i -- when i travel across the state of texas, men and women stop me all the time and say enough of the games. go up there, roll up your sleeves, work with each other and fix the problem. and just getting a new credit card, jacking up the debt ceiling with no spending reforms, no structural reforms, no pro-growth reforms is a mistake, it's the wrong path. a senator: will the senator yield for a question? mr. cruz: i will yield. mrs. boxer: here's the question. the people in my state are saying the same thing. roll up your sleeves and attack the problems, because guess what? i remember when this budget was balanced when bill clinton was president. it took literally a few months before george w. bush gave a tax break and put it on the credit card, two wars on the credit card and
now, this body may well vote to raise the debt ceiling, but if this body votes to raise the debt ceiling, we should do so after fair and open debate where the issue is considered and where the threshold is the traditional 60-vote threshold where we can address what i think is imperative that we fix the problem. when i -- when i travel across the state of texas, men and women stop me all the time and say enough of the games. go up there, roll up your sleeves, work with each other and fix the...
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102
Oct 9, 2013
10/13
by
WUSA
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if congress raises the debt ceiling it could get worse. >> reporter: the u.s. treasury already using emergency measures to pay its bills but by october 17th will be down to $30 billion. >> reporter: mark patterson former treasury chief of staff under president obama says before the end of this month the u.s. government will owe $12 billion in social security payments and $6 billion in interest payments on the debt. and on the first of next month, another $58 billion is due in social security, medicare, and military and veterans benefits. the president would have to decide who to pay and who to delay. >> when i was at the treasury, we looked at all the options for sort of contingency plans. they all have sort of god-awful consequences. >> reporter: if, for example, the government can't pay interest on the treasury bills, it could cause chaos in the financial markets. as lloyd blankfein said at the white house last week -- >> we're the most important economy in the world, reserve currency in the world. payments have to go out to people. if money doesn't flow in,
if congress raises the debt ceiling it could get worse. >> reporter: the u.s. treasury already using emergency measures to pay its bills but by october 17th will be down to $30 billion. >> reporter: mark patterson former treasury chief of staff under president obama says before the end of this month the u.s. government will owe $12 billion in social security payments and $6 billion in interest payments on the debt. and on the first of next month, another $58 billion is due in social...
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138
Oct 12, 2013
10/13
by
ALJAZAM
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eye 138
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increasing debt ceiling is raising spending, even though that's been appropriated. earlier in the house the senate tried a couple of tactics, the democrats tried a couple of tactics. one was called getting a unanimous vote in the house and the other one was called a discharge petition, both of these were not successful. they were -- the limited tools that they have as a minority in the house they tried them, they didn't work. >> once again there's no script for this. it is serge not a movie although some would call it political feed. you do have a script. john terrett on capitol hill. thank you. >>> want to talk about this massive storm that is pummeling india's eastern coast. phailin worse part of this storm is hitting that area right now. local media have reported several deaths but we won't know that for sure. four times the size of hurricane katrina. fez shemeil is outside the eye of the storm. he has the latest. >> there's been black generosity, we have a generator but we are hearing all along the coast there is no power in most places. now here in ander prades
increasing debt ceiling is raising spending, even though that's been appropriated. earlier in the house the senate tried a couple of tactics, the democrats tried a couple of tactics. one was called getting a unanimous vote in the house and the other one was called a discharge petition, both of these were not successful. they were -- the limited tools that they have as a minority in the house they tried them, they didn't work. >> once again there's no script for this. it is serge not a...
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Oct 11, 2013
10/13
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KNTV
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eye 71
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could default on its payments in the debt ceiling isn't raised by october 17th. boehner's plan would do nothing for the government shutdown. >>> the issue of abortion and health care policy is shaking things up. santa clara university told faculty and staff that it would not longer cover elective abortions. >> reporter: no many members of santa clara's faculty would go on the record. we did speak to one professor today about the decision and how it was handled. on an otherwise quiet day, the campus of santa clara university is broiling with controversy. a letter says the school will no longer cover elective abortions as part of its employee health care plan. saying quote, our core commitments are incompatible with the conclusion of elective abortion coverage with the university's health care plans. >> it was quite a shock. >> reporter: she disagrees with the president's decision and the way it was presented to faculty and staff. >> there was no discussion. there was a request for discuss afterwards, which many of us felt was so sort of patronizing. >> reporter: m
could default on its payments in the debt ceiling isn't raised by october 17th. boehner's plan would do nothing for the government shutdown. >>> the issue of abortion and health care policy is shaking things up. santa clara university told faculty and staff that it would not longer cover elective abortions. >> reporter: no many members of santa clara's faculty would go on the record. we did speak to one professor today about the decision and how it was handled. on an otherwise...
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170
Jan 15, 2013
01/13
by
CNBC
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eye 170
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economy appears to be willing to raise the debt ceiling. it's downplaying fierce that this could lead to higher inflation. >>. >> what do you think? >> well, i think, you know, what we've seen in the beginning of the year, like the solution of the fiscal cliff for the fist time in the more global renegotiation, what bernanke know and the government is they don't want the economy to be in another recession. probably it's going to be a slow process, but the final aim is there and everybody knows where we need to go. >> all right. let's remind you what's on today's show. we take a look out at the auto show. 5:30 eastern. spain is set to tap the bond market today. it's going to tell 12 and 18-month t bills. analysis is due in about 30 minutes' time. >>> and we'll head out to new york for discussions about dell going private. we'll have that discussion at 5:20 eastern time. before that, we'll head over to singapore to talk iron ore as rio tinto says it's boosting production by 15% this year. >>> meanwhile, just over an hour and 10 minutes into t
economy appears to be willing to raise the debt ceiling. it's downplaying fierce that this could lead to higher inflation. >>. >> what do you think? >> well, i think, you know, what we've seen in the beginning of the year, like the solution of the fiscal cliff for the fist time in the more global renegotiation, what bernanke know and the government is they don't want the economy to be in another recession. probably it's going to be a slow process, but the final aim is there...
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61
Jan 17, 2013
01/13
by
FBC
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eye 61
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the debt ceiling is raised, the spending gets raised. and it never comes back down. >> that's right, it goes up and it never comes back down. in the past, sometimes we have insisted on cuts along the way. now we're finding ourselves in a position where we have $16.5 trillion of debt and cuts are not going to cut it anymore. it has to be more than cuts. it needs to be permanent structural spending reform. that's what we need. >> what john boehner headset is dollar for dollar. spending cuts with debt ceiling heights. what should they cut? give me a list. you might we talk about it from the standpoint of cuts, don't think cuts are going to do the job. we have to permanently reform the way washington spends money. >> okay, somebody want to to do that. >> we do that is through an approach that we referred to in the last debt limit debate is cat cut cabin balance for the short of it is to say that we can raise the debt limit we're not going to raise the debt limit, we shouldn't we put into place a balanced budget amendment to the constitution.
the debt ceiling is raised, the spending gets raised. and it never comes back down. >> that's right, it goes up and it never comes back down. in the past, sometimes we have insisted on cuts along the way. now we're finding ourselves in a position where we have $16.5 trillion of debt and cuts are not going to cut it anymore. it has to be more than cuts. it needs to be permanent structural spending reform. that's what we need. >> what john boehner headset is dollar for dollar....
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Jan 31, 2013
01/13
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CNBC
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the bill won't technically raise the debt ceiling, but it will suspend it until may 19th when it will be raised by the amount that the treasury borrows in the interim. that's how it's going to work. and markets, as we've been talking about on a tear this month with the dow having its best january in decades. but will yesterday's surprising drop in gdp reign in the bulls, it says here? let's get a read on the state of the economy. at least it wasn't a -- that kind of rein. there's three of them. anyway, joining us for the next hour is bob bruska. that's fao -- >> no. you cannot. >> fao economics. as becky said at the top, things are going to go really well or the market is going to have an '87 crash. >> i like the binary outlook. >> everything you said was so good until you gout to that point. >> he usually wears one of these very clever ties. >> i'm not going to give him any -- >> there you go, joe. >> you didn't forget because you are getting up there. >> up there? >> close to his age. >> i have to put it out the night before. >> i lay my clothes out the night before, too. >> do you,
the bill won't technically raise the debt ceiling, but it will suspend it until may 19th when it will be raised by the amount that the treasury borrows in the interim. that's how it's going to work. and markets, as we've been talking about on a tear this month with the dow having its best january in decades. but will yesterday's surprising drop in gdp reign in the bulls, it says here? let's get a read on the state of the economy. at least it wasn't a -- that kind of rein. there's three of them....
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337
Jan 16, 2013
01/13
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CNBC
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eye 337
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with the debt ceiling, everyone thinks they'll kick the can, raise the debt ceiling up, or get resolved within -- >> that mean the market's at risk? it would seem yes, right? >> see, if you -- my opinion of what will happen is if there's any small breakdown in it, you know, if there's threats that they may downgrade the s&p, whatever, we'll see a breakdown in s&p down to like 14.50, 14.40. but there are so many people waiting on the sidelines, so much cash. and people looking at u.s. equities over the safety play. they'll start coming in, they'll buy. it i think it's going to be a good year for the s&p this year. >> what does earnings season do? hearing from jpmorgan and goldman sachs, the financials have been a driver of major averages moving higher this year. >> yeah. a lot of people have such a low bar set for the financials. they've been under pressure for what seems years now. you know, everyone's going to talk about jpmorgan i think that, you know, whatever happened with earnings -- >> the stocks themselves are -- have done phenomenally well on a relative basis. goldman sachs high
with the debt ceiling, everyone thinks they'll kick the can, raise the debt ceiling up, or get resolved within -- >> that mean the market's at risk? it would seem yes, right? >> see, if you -- my opinion of what will happen is if there's any small breakdown in it, you know, if there's threats that they may downgrade the s&p, whatever, we'll see a breakdown in s&p down to like 14.50, 14.40. but there are so many people waiting on the sidelines, so much cash. and people...
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Oct 9, 2013
10/13
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ALJAZAM
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this is they're latest plan to re-open the government and raise the debt ceiling. is it a workable solution or a political ploy? >> we've heard this before. it's happened many times before, and these committees usually fail to come up with an agreement. i could envision a scenario. in fact, it's the most likely scenario right around the 17th both boehner and obama say, all right, we'll raise the debt ceiling and end the shutdown at least for a while in exchange for some committee that will look at options. maybe it will last for a couple of months. that means the cloud continues to persist. we could get into mid-december and have another crisis if this committee doesn't come up with anything meaningful. >> and they are watching overseas as well. how is the shutdown affecting global investors with interests here in the u.s.? >> for now it's not enormous, although the backup in yields on short-term bills yesterday was troubling. i would say for investors around the world there are two concerns. we've talked about default. i think default maybe is a 20% chance. it's n
this is they're latest plan to re-open the government and raise the debt ceiling. is it a workable solution or a political ploy? >> we've heard this before. it's happened many times before, and these committees usually fail to come up with an agreement. i could envision a scenario. in fact, it's the most likely scenario right around the 17th both boehner and obama say, all right, we'll raise the debt ceiling and end the shutdown at least for a while in exchange for some committee that...
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138
Jan 15, 2013
01/13
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MSNBCW
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eye 138
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raising the debt ceiling does not authorize more spending. it simply allows the country to pay for spending that congress has already committed to. these are bills that have already been racked up. and we need to pay them. so while i'm willing to compromise and find common ground over how to reduce our deficits, america cannot afford another debate with this congress about whether or not they should pay the bills they have already racked up. but to even entertain the idea of this happening, of the united states of america not paying its bills is irresponsible. it is absurd. the full faith and credit of the united states of america is not a bargaining chip. and they had better choose quickly because time is running short. >> house republicans continued to threaten to use the debt ceiling as a bargaining chip. house republican conference chairwoman kathy rogers told "political" i think it is possible we would shut down the government to make sure that president obama understands that we're serious. well, i guess that would do it. we always talk
raising the debt ceiling does not authorize more spending. it simply allows the country to pay for spending that congress has already committed to. these are bills that have already been racked up. and we need to pay them. so while i'm willing to compromise and find common ground over how to reduce our deficits, america cannot afford another debate with this congress about whether or not they should pay the bills they have already racked up. but to even entertain the idea of this happening, of...
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Oct 8, 2013
10/13
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FOXNEWSW
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eye 123
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so, if you'll promise we'll open up the government and raise the debt ceiling, then we'll talk about all of this. why is that not okay? >> because it is the president saying he gets everything that he wants, and then we can start to talk. mr. president, we need to have these negotiations now, and we need to start it -- we need to start immediately. yes, we have some important deadlines around the corner. we do not want to default on our debt. we are going to -- we are going to pay our bills, and we're going to do that. but in the households, what i would tell the president in our own households, when we get happy to max on the credit card we have to reassess what is driving those spending decisions and make some changes. and the president right now wants to take the easy way out. he doesn't want to address those spending drivers. >> shepard: one more question. what you want is negotiations. i hear you. the president says, there will be no negotiations, and on this matter, he is kind of driving this train. if we reach nine days from now and there have been no negotiations, did the rep
so, if you'll promise we'll open up the government and raise the debt ceiling, then we'll talk about all of this. why is that not okay? >> because it is the president saying he gets everything that he wants, and then we can start to talk. mr. president, we need to have these negotiations now, and we need to start it -- we need to start immediately. yes, we have some important deadlines around the corner. we do not want to default on our debt. we are going to -- we are going to pay our...
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87
Apr 27, 2013
04/13
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FOXNEWSW
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eye 87
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not raising the debt ceiling is essentially going to a balance budget. that is a good thing. >> have the house republicans let you down in this. they seem to be caving in a lot of areings. how does that sit with you. >> i am not sure what they would do for a debt ceiling. they punted it i am for making a stand on the debt ceiling and the country will come behind us. the sequest is a cut in the rate of the increase . the president said the sky was fall he shut down tours in the white house . the same week he agreed to send $250 million more to egypt. there is money and it is irresponsible for the president to lay off air traffic controller we need and sending money to countries we don't have. >> and what is the motivation. high profile things like the white house tours and national park faa and people want to take the flights whampt is the motivation? >> to politicalize this . shows that government couldn't exist. but it is back firing on them particularly when they eliminated self gipeded tours in the white house, the same week they sent $250 million mor
not raising the debt ceiling is essentially going to a balance budget. that is a good thing. >> have the house republicans let you down in this. they seem to be caving in a lot of areings. how does that sit with you. >> i am not sure what they would do for a debt ceiling. they punted it i am for making a stand on the debt ceiling and the country will come behind us. the sequest is a cut in the rate of the increase . the president said the sky was fall he shut down tours in the white...
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2.0K
Oct 17, 2013
10/13
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CNNW
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the debt ceiling raised until early february. federal workers will receive pay dating back to the start of the shutdown so folks, you're going to get paid for not working. negotiations will begin between the house and the senate on a longer term budget deal. the senate voted overwhelmingly to support this bill 81-18 with majority with many republicans saying yes. the house gave its okay. the result there was a little bit closer. majority of republicans there said no, still 87 as you can see there did vote for it, joining 100%, every single democrat in that chamber. our jim acosta begins our coverage. >> the motion is adopted. >> reporter: just as the nation was on the brink, the house of representatives blinked. and passed the better senate compromise to raise the nation's debt ceiling. after a 16-day shutdown, the federal government will come back to life. thousands of employees returning to work in washington to critical medical research programs, to national parks, even the panda cam and the national zoo. >> we will begin reop
the debt ceiling raised until early february. federal workers will receive pay dating back to the start of the shutdown so folks, you're going to get paid for not working. negotiations will begin between the house and the senate on a longer term budget deal. the senate voted overwhelmingly to support this bill 81-18 with majority with many republicans saying yes. the house gave its okay. the result there was a little bit closer. majority of republicans there said no, still 87 as you can see...
120
120
Oct 13, 2013
10/13
by
ALJAZAM
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eye 120
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no congress has ever failed to raise the debt ceiling. now, some politicians feel if the debt ceiling isn't raised, jack lew can just go on creatively spending by pry prioritizing spending. the government will have some money coming in through but economists the world over are saying no, no, no. there will be plenty of people who will not receive unemployment checks, social security checks, that sort of thing. the worse is if the u.s. doesn't pay its interest on the debts, on the loans that it has, it has length money to countries and -- companies all the way around the world. if they don't get those interest payments, there is a lack of trust, a loss of trust. that could lead, say, economists to some kind of global meltdown very, very quickly. it's very dangerous tom. >> more updates when they come in, john. thank you. >>> war veterans in washington sent a very clear mention to lawmakers on both sides of the aisle this morning. thousands showed up to rally. organizers of the quote million vet mercier veterans have been dishonored. they a
no congress has ever failed to raise the debt ceiling. now, some politicians feel if the debt ceiling isn't raised, jack lew can just go on creatively spending by pry prioritizing spending. the government will have some money coming in through but economists the world over are saying no, no, no. there will be plenty of people who will not receive unemployment checks, social security checks, that sort of thing. the worse is if the u.s. doesn't pay its interest on the debts, on the loans that it...
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Apr 28, 2013
04/13
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it was only done because the republicans refused to raise the debt ceiling. it was a last ditch effort to put something on the table. one that would stop us from going over that fiscal live, not raising the debt ceiling, not paying our bills. it was put in place as a desperation measure. and now here it is, basically torturing our economy, undermining the ability of the government to function, and we are doing nothing to deal with the deficit and the debt that it is supposed to force action on. we want to act on taxes and mandatory spending programs. i am all for it. but torturing the discretionary portion of the budget as a threat to force us to act on taxes and mandatory spending, clearly it does not work. so let's stop torturing the economy. let's stop torturing the discretionary portion of the budget. turn off sequestration and continue the debate over the budget if -- the budget, which will have to have. >> let me ask you about guantÁnamo bay. you just returned from your most recent trip to gitmo. what did you learn and what is the long-term situation t
it was only done because the republicans refused to raise the debt ceiling. it was a last ditch effort to put something on the table. one that would stop us from going over that fiscal live, not raising the debt ceiling, not paying our bills. it was put in place as a desperation measure. and now here it is, basically torturing our economy, undermining the ability of the government to function, and we are doing nothing to deal with the deficit and the debt that it is supposed to force action on....
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that big fight over raising the debt ceiling. remember, the danger -- this is one reason the president wanted the first deal, the thing he's really thinking about when he says i am not negotiating, i'm not letting this in negotiations, raising the debt ceiling, he doesn't want the worlds destabilized. he wants to get the united states' fiscal house in order. he doesn't want a fight. historically this has not been a big fight. if the republicans hold his ground and the president holds his ground, the fight we had over the fiscal cliff will look like child's play compared to this battle. >> john boehner re-elected speaker of the house this week but not without republican defections. if there are winners and losers -- hate using that term because it seems that everything is about winning and losing. but it there are winners and losers, did boehner come out roughed up? >> he's a little roughed up. there was token opposition to him. his problem is one of the lessons he says he learn sudden no more negotiations with the president, no m
that big fight over raising the debt ceiling. remember, the danger -- this is one reason the president wanted the first deal, the thing he's really thinking about when he says i am not negotiating, i'm not letting this in negotiations, raising the debt ceiling, he doesn't want the worlds destabilized. he wants to get the united states' fiscal house in order. he doesn't want a fight. historically this has not been a big fight. if the republicans hold his ground and the president holds his...
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Oct 9, 2013
10/13
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and the debt ceiling has never not been raised. so there is no debt ceiling. and by having a debt ceiling and then raising it every time, it allows the politicians off the hook for making the hard choices. >> you know, your kids and mine are going to suffer greatly because we failed to bring in spending that's not efficient, not effective and basically outside the bounds of the constitution. >> agreed. >> we've not done what the president asked us to do. he offered $435 billion in mandatory spending changes in this last budget. that ought to be included in any debt ceiling increase. in other words, we have to start making the transition to live responsib responsibly. and we can't continue to get an increase limit on our credit card whether we're not demonstrating any financial integrity in the way we run our government. >> totally agreed. senator, i agree with everything that you say. it's a great platform. few americans if any would disagree. however, where the disagreement comes is if you do not recognize what is at risk with the politics you're playing righ
and the debt ceiling has never not been raised. so there is no debt ceiling. and by having a debt ceiling and then raising it every time, it allows the politicians off the hook for making the hard choices. >> you know, your kids and mine are going to suffer greatly because we failed to bring in spending that's not efficient, not effective and basically outside the bounds of the constitution. >> agreed. >> we've not done what the president asked us to do. he offered $435...
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Oct 9, 2013
10/13
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ceiling is raised. both men spoke about the crisis later in the afternoon. >> the american people do not get to demand a ransom for doing their jobs. you don't get a chance to call your bank and say i'm not going to pay my mortgage this month unless you throw in a new car and an xbox. imagine if a democratic congress threatened to crash the global economy unless a republican president agreed to gun background checks or immigration reform. i think it's fair to say that republicans would not think that was appropriate. we can't make extortion routine as part of our democracy. democracy doesn't function this way. i know the american people are tired of it. and to all the american people, i apologize that you have to go through this stuff every three months, it seems like. and lord knows i'm tired of it. >> the long and short of it is there's going to be a negotiation here. in times like this, the american people expect their leaders to sit down and have a conversation. i want that conversation to occur now
ceiling is raised. both men spoke about the crisis later in the afternoon. >> the american people do not get to demand a ransom for doing their jobs. you don't get a chance to call your bank and say i'm not going to pay my mortgage this month unless you throw in a new car and an xbox. imagine if a democratic congress threatened to crash the global economy unless a republican president agreed to gun background checks or immigration reform. i think it's fair to say that republicans would...
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Oct 3, 2013
10/13
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are they overexaggerating the impact potentially of not raising the debt ceiling? what's going on here? >> reporter: well, it certainly sounds dire and scary. what they're talking about here, they're saying you can't precisely measure what would happen in the global economy if we don't raise the debt ceiling and how soon it would happen because we have never been here before. the united states always pays its bills on time, every time. that's why it's the center of a global financial complex. that's why it is the gold standard for borrowing and it is a model that other countries are trying to emulate. we have never been here before. the treasury department in that report basically saying that if you don't raise the debt ceiling, the kind of knock-on effects to capital markets freezing, stock markets plunging, all kinds of business grinding to a halt would rival the crisis in 2008, if not the great depression. that's what the treasury department is saying. it's interesting because for the first time in five years, you have america's big bankers and the white house s
are they overexaggerating the impact potentially of not raising the debt ceiling? what's going on here? >> reporter: well, it certainly sounds dire and scary. what they're talking about here, they're saying you can't precisely measure what would happen in the global economy if we don't raise the debt ceiling and how soon it would happen because we have never been here before. the united states always pays its bills on time, every time. that's why it's the center of a global financial...
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Oct 9, 2013
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they willtly, i doubt be there to vote to raise the debt ceiling. prerogative, but at the end of the day i think we have a responsibility to work across the aisle and do the right thing. some people have suggested that if you look at house republicans right now, there is something of a civil war playing out. [laughter] is a vigorous debate, and that is fair enough. look, we are a pretty big party. we have been the major party in congressional elections, which is quite something. we are used to thinking of a republican party that was much smaller thanand this one is. this is a raucous caucus, no doubt about it. a lot of people came here in 2020 and 2012. again, they are trying to do the right thing, doing what their constituents want them to do, i would expect a vigorous debate. the democrats are more cohesive than they used to be. the diversity that we used to think of, they are smart -- smaller and further to the left, it makes agreement between the two difficult from the speaker standpoint. host: congressman peter king talk about this clash within
they willtly, i doubt be there to vote to raise the debt ceiling. prerogative, but at the end of the day i think we have a responsibility to work across the aisle and do the right thing. some people have suggested that if you look at house republicans right now, there is something of a civil war playing out. [laughter] is a vigorous debate, and that is fair enough. look, we are a pretty big party. we have been the major party in congressional elections, which is quite something. we are used to...
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debt ceiling. in the meantime, the news continues right now with "the lead" with jake tapper. >>> congress' approval rating drops to -- reay for this -- 5%. 5%. which begs the question -- who exactly is this 5%? i'm jake tapper this is "the lead." >>> the national lead, everyone agrees the families of our fallen troops deserves their death benefits now. to we hit it in eight day. what's the truth? >>> add the pop culture lead, the government is repeating a lot of the same plot lines, but there's something about total government dysfunction that gets the creative juices flowing in hollywood. good afternoon, everyone. i'm jake tapper, welcome to "the lead." this is day nine. the partial government shutdown. the stalemate is so deep. the media is reduced to seizing on the tiniest gestures on the elected officials. is the president listening intently? or is he just suppressing a sneeze? is how speaker john boehner smiling? is he pleased? or just checking to see if he has something in his teeth. you may
debt ceiling. in the meantime, the news continues right now with "the lead" with jake tapper. >>> congress' approval rating drops to -- reay for this -- 5%. 5%. which begs the question -- who exactly is this 5%? i'm jake tapper this is "the lead." >>> the national lead, everyone agrees the families of our fallen troops deserves their death benefits now. to we hit it in eight day. what's the truth? >>> add the pop culture lead, the government is...
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Oct 14, 2013
10/13
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can lawmakers find a way on columbus day to compromise as the deadline to raise the debt ceiling looms on thursday. this is "way too early." >>> hey, everybody, good morning, i'm thomas roberts. we're going to tell you about a cyclone that tore through india over the weekend and the florida woman, get this, whose home was infested with at least 20,000 bees. it's a lot of honey, the kind you don't want. >>> we begin in washington with day 14 of the federal government shutdown but even more pressing is the looming threat of default sui now just three days away. global leaders expressing concern if the u.s. is unable to meet expectations it will have an impact well beyond their borders. any hope to re-open the government lies within the senate and talks between democrats and republicans are now focused around spending and how long sequestration cuts should remain in tact. democrats reportedly want those to last through november. but republicans are looking for a stretch. a little longer on that deal. over the weekend democrats rejected a plan by senator susan collins to raise the debt cei
can lawmakers find a way on columbus day to compromise as the deadline to raise the debt ceiling looms on thursday. this is "way too early." >>> hey, everybody, good morning, i'm thomas roberts. we're going to tell you about a cyclone that tore through india over the weekend and the florida woman, get this, whose home was infested with at least 20,000 bees. it's a lot of honey, the kind you don't want. >>> we begin in washington with day 14 of the federal government...
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Oct 25, 2013
10/13
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default by raising the debt ceiling, only lasts a few months. the government is only funded through jan. 15th, and the debt ceiling was only raised through the first week in february >> following this story out of saudi arabia. a big protest planned by that country's woman. what will they be doing?driving! it's illegal for women to drive the ultraconservative kingdom..although there is no specific law, these rules are enforced by the islamic establishment.saudi women have been taking to the internet to plan their protest. and saudi's interior ministry is now threatening women with up to 5 years in prison foren beinh this protest on the internet >> the white house may soon face more angered heads of state and government over alleged u-s spying of its allies. france and germany have blasted the u-s for allegedly gathering french phone records and tapping german chancellor angela merkel's cell phone. but the british newspaper the guardian reports that in 2006, u-s intelligence monitored communications from 35 world leaders. >> police records show t
default by raising the debt ceiling, only lasts a few months. the government is only funded through jan. 15th, and the debt ceiling was only raised through the first week in february >> following this story out of saudi arabia. a big protest planned by that country's woman. what will they be doing?driving! it's illegal for women to drive the ultraconservative kingdom..although there is no specific law, these rules are enforced by the islamic establishment.saudi women have been taking to...
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Jan 22, 2013
01/13
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ceiling is raised. it's a move the president has demanded. >> i do believe it is a recognition of political reality. we realize the president won the election. >> reporter: republicans on capitol hill are not voting to raise the debt ceiling without getting something in return. they say in order to approve a higher debt limit, they want senate democrats to do something they have not done in four years, pass a budget. >> for us to have a debate about spending and debt, we've got to have the focus be on a budget and what we're going to do to achieve a balanced budget over time. >> reporter: senate democrats view a budget vote as an opportunity to raise more money through taxes. >> it's going to be a great opportunity. in our budget that we will pass we'll have tax reform, which many colleagues like but it will include revenues. >> reporter: the house is expected to approve the debt limit increase tomorrow. susan mcginnis, cbs news, washington. >>> today is the 40th anniversary of the supreme court ruling
ceiling is raised. it's a move the president has demanded. >> i do believe it is a recognition of political reality. we realize the president won the election. >> reporter: republicans on capitol hill are not voting to raise the debt ceiling without getting something in return. they say in order to approve a higher debt limit, they want senate democrats to do something they have not done in four years, pass a budget. >> for us to have a debate about spending and debt, we've...
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10/13
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ceiling is raised. >>there are enough reasonable republicans and democrats in the house who are willing to vote yes on a budget that the senate has already passed. that vote could take place today. shutdown would be over. >> reporter:cnn's vote count showed that on tuesday, there appears to be enough votes in the house to approve legislation that would reopen the government. >> reporter:all 200 democrats plus 18 republicans appear to support passing a continuing resolution with no strings attached. 217 is the minimum needed. >>we stand with our president. we stand with the president of every one in america.. >>what the president said today was if there is unconditional surrender by republicans, he'll sit down and talk to us. that's not the way our government works. >> reporter:in washington, i'm tory dunnan. >> pam: new tonight at 8-- >> pam: a picture of two men kissing.that facebook removed from the social network. >> pam: grant is here with the photo.the mistake facebook is admitting it made. and rea
ceiling is raised. >>there are enough reasonable republicans and democrats in the house who are willing to vote yes on a budget that the senate has already passed. that vote could take place today. shutdown would be over. >> reporter:cnn's vote count showed that on tuesday, there appears to be enough votes in the house to approve legislation that would reopen the government. >> reporter:all 200 democrats plus 18 republicans appear to support passing a continuing resolution...
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Sep 19, 2013
09/13
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ceiling or the threat of not raising the debt ceiling being used to extort a president or a governing party, and trying to force issues that have nothing to do with the budget and have nothing to do with the debt. >> well, senate democrats say they will reject any house bill that strips money from the president's health care law. >>> in an nbc news exclusive for the first time, millions of americans are hearing from the new president of iran. hassan ro rowhani and he says i and people are now a different country, one willing to make a deal. >> can you say that iran will not build a nuclear weapon under any circumstances? [ speaking a foreign language ] >> translator: the answer to this question is quite obvious. we have time and again said that under no circumstances would we seek any weapons of mass destruction including nuclear weapons nor will we ever. >> president rowhani also confirmed he's exchanged lers with president obama. he calls them tiny steps for an important future. that future starts next week. at the u.n. where a meeting with mr. obama is not off the table. meanwhile,
ceiling or the threat of not raising the debt ceiling being used to extort a president or a governing party, and trying to force issues that have nothing to do with the budget and have nothing to do with the debt. >> well, senate democrats say they will reject any house bill that strips money from the president's health care law. >>> in an nbc news exclusive for the first time, millions of americans are hearing from the new president of iran. hassan ro rowhani and he says i and...
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Sep 17, 2013
09/13
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the very last thing we need now is a fight over whether we raise the debt ceiling. we face be serious challenges both domestically and internationally that require our full attention and not when we know the kind of damage that a financial and economic crisis can cause. the truth is, congress can get this done. the time to do it is now. thank you very much, and i look forward to the conversation we're about to have. [applause] >> so, as i pointed out at the beginning, you have served as deputy secretary of state in this administration, head of omb, white house chief of staff and now secretary of treasury. why have you had a hard time holding a a job in this administration? [laughter] does the president not like you? how come he keeps moving you around? >> my wife has teased me if i would just keep one job for longer, we could reduce unemployment in this country. you know, the truth of the matter is you come into an administration to serve, and you serve in the role where the president thinks that you can make the most difference. it's been my honor to serve two pres
the very last thing we need now is a fight over whether we raise the debt ceiling. we face be serious challenges both domestically and internationally that require our full attention and not when we know the kind of damage that a financial and economic crisis can cause. the truth is, congress can get this done. the time to do it is now. thank you very much, and i look forward to the conversation we're about to have. [applause] >> so, as i pointed out at the beginning, you have served as...
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Oct 10, 2013
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this idea of the president going through the debt ceiling and raising the debt ceiling on his own. what do you make of that possibility? guest: we have had discussions eighth amendment. do the creditors of the united states believe we have enough money to pay our debts and do we have the political will to pay our debts. they do not want to know if there is a cute trick we can pull up. they want to know if we have the willingness to pay our debts. that is the essential question. that is why republicans must join with democrats to raise the debt ceiling. we must do it. it cannot be conditional on the affordable care act. they have to do it. it is our patriotic duty to make sure we safeguard the full faith and credit of the united states. host: a week from the debt ceiling deadline. do you think that will happen? guest: i believe people are essentially good no matter how they are behaving at the moment. i believe republicans are going to come to their senses. there are 24 members of the republican caucus who say they will do the responsible thing. i asked jon banner to let us vote. as
this idea of the president going through the debt ceiling and raising the debt ceiling on his own. what do you make of that possibility? guest: we have had discussions eighth amendment. do the creditors of the united states believe we have enough money to pay our debts and do we have the political will to pay our debts. they do not want to know if there is a cute trick we can pull up. they want to know if we have the willingness to pay our debts. that is the essential question. that is why...
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Jan 15, 2013
01/13
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the debt ceiling to avoid a potentially disastrous debt default. >> raising the debt ceiling, which congress has to do periodically, gives the government the ability to pay its existing bills. it doesn't create new deficits. it doesn't create new spending. so not raising the debt ceiling is sort of like a family which is trying to improve its credit rating saying oh, i know how we can save money we won't pay our credit card bills. not the most effective way to improve your credit rating. >> but the chairman was fairly upbeat on the outlook for u.s. growth. but, gave no clear hints on when the fed would curb its aggressive bond purchases. we'll have more on the debt ceiling in the next hour when we speak to senator rob portman. you guys, wilbur, you also said we have -- we are fully ready with inflation, we have all the tools we need to exit. >> well, i caution a little bit. historically the fed has always bought short-term paper and it's easy then to raise the interest rates. again you let the paper roll off, you sell it. now they've been buying long-term paper. rates start to go up
the debt ceiling to avoid a potentially disastrous debt default. >> raising the debt ceiling, which congress has to do periodically, gives the government the ability to pay its existing bills. it doesn't create new deficits. it doesn't create new spending. so not raising the debt ceiling is sort of like a family which is trying to improve its credit rating saying oh, i know how we can save money we won't pay our credit card bills. not the most effective way to improve your credit rating....
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Oct 5, 2013
10/13
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the deadline to raise the debt ceiling is 17 october. if lawmakers do not raise the borrowing limit the government will not have enough money to pay its bills. the federal government has never defaulted. in 2011 the u.s. government credit rating was downgraded below triple a for the first time. >> never before has a party threatened to not pay our bills, except for 2011 - the last time that speaker boehner and some of the same people in the house of representatives thought that it might give them more leverage and negotiations. we can't establish a pattern where one faction of one party that controls one chamber and one branch of government can basically hold its breath and say, "unless we get 100% of our way, we'll let the entire economy collapse, the entire economy shutdown." what i said to them is this - making sure that the united states government pays the bill is non-negotiable. that's what families around the country do. >> economists believe that failure to raise the debt ceiling could hurt the global economy. nicholas is a profe
the deadline to raise the debt ceiling is 17 october. if lawmakers do not raise the borrowing limit the government will not have enough money to pay its bills. the federal government has never defaulted. in 2011 the u.s. government credit rating was downgraded below triple a for the first time. >> never before has a party threatened to not pay our bills, except for 2011 - the last time that speaker boehner and some of the same people in the house of representatives thought that it might...
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government will run out of cash to pay its bills unless congress agrees to raise the debt ceiling. on capitol hill, danielle nottingham, wjz eyewitness news. >> the defense department said today the navy football game against the air force academy is on for this weekend despite the shut down. that's because the game is not funded by the government. all other service academy sports remain on hold. our complete coverage continues. every week hundreds of patients, including children are admitted to new clinical trials at the nih. now many are losing hope as the government shutdown continues. eyewitness news is live. jessica kartalija has the details for us. >> reporter: well, about 200 new patients are admitted to these trials every week. of those 200, 30 are children. of those, about 10 of them have cancer. >> don't break it. >> 8-year-old nattie doesn't look sick. this week her leukemia came back for the fourth time. the clinical trial cannot be approved by the fda because it's been shutdown with the rest of the federal government. >> i am completely blown away by how callus and how
government will run out of cash to pay its bills unless congress agrees to raise the debt ceiling. on capitol hill, danielle nottingham, wjz eyewitness news. >> the defense department said today the navy football game against the air force academy is on for this weekend despite the shut down. that's because the game is not funded by the government. all other service academy sports remain on hold. our complete coverage continues. every week hundreds of patients, including children are...
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Oct 16, 2013
10/13
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the house unveil a bill that would permitted the treasury to raise the debt ceiling until next february would allow the gun shot to open remission funds to carry to mid december. >> we are going to continue to work with our members from both sides of the aisle to try to make sure that there is no issues of default and to get our government reopen. >> tonight senate leader express of a bipartisan solution that they say can pass both house in congress tomorrow. >>> wall street reacted negatively in washington and all the uncertainty. dow jones dropped 133 points and nasdaq fell 31. >>> workers there said to be furloughed starting thursday and pritchett found out that the impact is already being felt. >> lawrence livermore well, furloughs here means that fewer people eating at this italian restaurant. >> 30% less for business at lunch and dinner. >> he's worried about business and his customers are worried about their jobs. >> they don't know what to do. >> we have learned that the lab will be on minimum staffing after tomorrow if furloughs kick in, on sunday workers expressed their fears
the house unveil a bill that would permitted the treasury to raise the debt ceiling until next february would allow the gun shot to open remission funds to carry to mid december. >> we are going to continue to work with our members from both sides of the aisle to try to make sure that there is no issues of default and to get our government reopen. >> tonight senate leader express of a bipartisan solution that they say can pass both house in congress tomorrow. >>> wall...
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Oct 16, 2013
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friday morning, let's suppose the debt ceiling is not raised. the united states has the option of paying interest on the debt. it doesn't have to run out of money, it continues to collect taxes. it's a matter of timing, revenues and receipts. not raising the debt ceiling requires the government have a balanced budget, meaning it has to spend 80% of what it's spending. president obama has a choice between other stuff or paying the $23 billion in interest, which is 9% of its revenue. >> cut 20% of budget to pay the bills. >> it's better than defaulting. defaulting is the end of the world. it is the end of days. >> how would the market react to this. >> it depends how president obama spends it. governments around the world have gone through severe austerity. >> the markets didn't react well to that. >> i understand that. this is the united states >> what do you think would happen under your scenario? >> what i'm trying to do is answer your question for the third time. it would depend on how mr lew portrayed it. this is not greece, we can do somethi
friday morning, let's suppose the debt ceiling is not raised. the united states has the option of paying interest on the debt. it doesn't have to run out of money, it continues to collect taxes. it's a matter of timing, revenues and receipts. not raising the debt ceiling requires the government have a balanced budget, meaning it has to spend 80% of what it's spending. president obama has a choice between other stuff or paying the $23 billion in interest, which is 9% of its revenue. >> cut...